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2009-11-30T22:06:00.000-08:00

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What is Life Insurance?
Life Insurance is a contract between insured person and insurance company under which a sum of money is paid to him or his heirs, on the happening of a certain event. The income of the family depends upon the Karta. In case of death of the Karta, the income of the family also ceases and under these circumstances the family is left in a difficult situation. Life is uncertain and this uncertainty is the risk due to which the necessity of some coverage against the financial loss arises. Insurance substitutes this uncertainty by certainty.

Why Life Insurance?
Life Insurance has come a long way from the earlier days when it was originally conceived as a risk-covering medium for short periods of time, covering temporary risk situations, such as sea voyages. As life insurance became more established, it was realized what a useful tool it was for a number of situations, including -

a) Temporary needs / threats

b) Regular Savings

c) Investment

d) Retirement

Benefits of Life Insurance

1.Financial security and periodical payments to meet out various expenses.

2.This is better than an ordinary savings scheme. Not only it includes for savings but also does it compulsorily.

3.It gives security against creditors.

4.Income Tax Relief to arise.

5.Loan can be raised on the security of the policy.

Who is a TLC Co-Ordinator?

A TLC Co-Ordinator is a person associated with TLC Insurance (India) Pvt. Ltd. who is responsible for Sourcing, Educating and Generating Leads for and on behalf of TLC Insurance (India) Pvt. Ltd. thus getting entitled for Incentives.

Who can sell Insurance Products/Policies?

A person can sell/promote Insurance Policies on behalf of an Insurance Company only when he/she becomes eligible or qualifies to become an Insurance Co-Ordinator.

How does one qualify as an Insurance Co-Ordinator?

Step 1: Qualification of the applicant: - The applicant shall possess the minimum qualification of a pass in 12th Standard or equivalent examination conducted by any recognized Board/Institution, where the applicant resides in a place with a population of five thousand or more as per the last census, and a pass in 10th Standard or equivalent examination from a recognized Board/Institution if the applicant resides in any other place.

Step 2: Appear for Interview (candidates are selected based on simple IRDA process)

Step 3: Get Selected

Step 4: Go for 100 hours mandatory training (as per IRDA)

Step 5: Pass the IRDA licensing examination and company specific Training Only then you will achieve License for getting Life Insurance

Roles, Responsibilities & Status of TLC Co-Ordinator:

A TLC Co-Ordinator is a privileged individual who represents TLC Insurance (India) Pvt. Ltd. in the market and would source & advice people about

Benefits of Insurance

Understand the Insurer Capabilities, requirements and would accordingly recommend the suitable policy to them.

Describe the Insurer the various products, their advantages & returns to the insurer.

Promotion of the products.

Introduction of policies on behalf of represents TLC Insurance (India) Pvt. Ltd.

A TLC Co-Ordinator is not a seller of an insurance product. You are the center stage of a highly emotional transaction. You have the opportunity to be part of a highly intimate relationship with your client. Educate your clients about who you are not just what you do. The status of a TLC Co-Ordinator would thus stand very high in the market and their social circle as they would be recognized as key persons recommending Insurance Solutions, which also in turns benefit the Insurer in their financial return thus classifying them as a TLC Co-Ordinator also.

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Insurance makes life secure.

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